Alibaba Group Holding

Former market darling Tencent now world’s worst stock best with US$170 bil wipeout - THE EDGE SINGAPORE

Tech

Former market darling Tencent now world’s worst stock bet with US$170 bil wipeout

Nine of the top 10 losers in shareholder value this month are Chinese companies, including Meituan and Alibaba Group Holding Ltd.
UOB Kay Hian lowers Alibaba's TP to US$308 on expectations of slightly softer growth in 1Q22 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian lowers Alibaba's TP to US$308 on expectations of slightly softer growth in 1Q22

UOB Kay Hian has also lowered its revenue forecast for the 1QFY2022 and FY2022 by 4% and 2% respectively.

Startups, Entrepreneurs, Digital economy

Lazada president Jessica Liu leaves

According to Lazada, Liu is departing to spend more time with her family.
Remaking China's Internet ecosystem  - THE EDGE SINGAPORE

Tech

Remaking China's Internet ecosystem

China’s Internet has been akin to a walled garden and the clampdown of top players by Beijing is helping tear down those barriers.

Company in the news

Chinese government presses Alibaba to sell media assets including SCMP

This is because of growing concerns about the technology giant’s influence over public opinion in the country.

Tech

Alibaba, once a fund darling, now dumped by hedge funds

An Alibaba spokesperson declined to comment on investors selling the stock.
UOBKH ups Alibaba's TP to US$355 on solid 3Q21 results - THE EDGE SINGAPORE

Broker's Calls

UOBKH ups Alibaba's TP to US$355 on solid 3Q21 results

UOBKH has also upped its revenue forecasts for FY2021 and FY2022 by 4% and 6% respectively.

Tech

US decides against investing ban on Alibaba, Tencent and Baidu

Imposing a ban on the pair would have marked the most dramatic escalation yet by the outgoing administration.

Tech

Xi's push against Jack Ma sparks new threat for China tech

Jack Ma has become a case study for Chinese tech companies' biggest sceptics.
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